I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options 

I had never heard of such a thing.. and most private flippers dont know it either So like on our subdivisions whatever LLC we own it in that LLC also has to have a developers license .. so  If you have multple subdivision going in multiple LLC you need multiple developers licenses.. where this can stymie some folks  NOT EVERYONE can qualify for a Bond.

"In a 2016 paper, Mark Zandi, chief economist at Moody’s Analytics, estimated that full privatization of Fannie and Freddie would cost the typical American taking out a new mortgage $1,200 annually.

How about a house with an ADU, or a basement with a private entrance that can be rented out?

Many large private lenders will work with smaller lenders as correspondents.

Have Bubba take photos. 

Applicant credit scores should be treated with a high level of care and should not be handed out when they aren't assured that you are locking them up and taking due care with private and sensitive data.So, many places, including the screening company we used for years before moving to a PM, provide a suitability score rather than the actual credit score. 

When ever I had gotten too persistent about sending photos, he would change the subject or find a reason why he couldnt document the progress.  

And with a twist, that everything from day 1 is designed and built to facilitate intaking private $ into the "fund".

You will get more for the property versus selling it to a private party or wholesaler.